Daily News: October 27, 2016

An automated system operated be Aardvark LLC did not operate as intended,causing it to execute 17,000 contract in the Eurodollar complex. Violating rules 400-402 in the Business Conduct Committee’s (BCC) jurisdiction and CME ATS code rule 432q and 432w. CME fined Aardvark 205,000.00 and also fined 40,000.00 for CBOT rule 534 washed trades.

CME BCC panel found that a Hylife employee working with a broker, executed multiple transactions on CME Globex platform in hog futures contracts where Hylife owned accounts on both sides of transaction violated rule 534 and fined 35,0000.00